AOL Cuts Back

AOL will be cutting 2,000 jobs starting today. That’s about a fifth of the company’s workforce. According to the Wall Street Journal, AOL Chief Executive Randy Falco said that the realignment will “allow us to increase investment in high-growth areas of the company … while scaling back in areas with less growth potential or those that aren’t core to our business.” In a flip to the old model, AOL will be focusing more on selling advertising and less on the Internet access business.

AOL to Trim 2,000 Jobs in a Continuing Overhaul
New York Times

AOL to Cut 2,000 Jobs in Overhaul
Wall Street Journal

AOL to Reduce Workforce by 2,000
BBC News



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: